With tax season quickly approaching, the IRS has announced that it will be providing help to those Americans struggling to meet their tax obligations this year. This means that distressed taxpayers plagued by mounting medical bills, heavy reliance on Social Security assistance, or recent job losses may now be eligible for a tax break. Struggling taxpayers may be eligible for relief as IRS eases enforcement and collection efforts to help
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In this challenging economy, more taxpayers are going to need tax help and will be hoping to pay their tax debt by negotiating payment plans with the IRS to pay their liabilities over time.
It is important to note that the IRS continues to add penalties and interest while you are making monthly payments. This may cause you to be paying what you consider a large monthly payment to the IRS
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Tax resolution specialists Michael Rozbruch and Brian Compton at Mind Your Own Business 2009, originally uploaded by taxresolution.com.
Brian and I attended Finance Day 2009 last weekend. The All-You-Need-To-Know-About-Your-Money Event was a big success. I conducted several seminars on strategies for alleviating tax debt. I was also featured on a panel with KFI’s Bill Handel, host of “Handel on the Law.”
But the best moment of the whole event by far, was
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If you are in a position when you think you can settle your tax debt over time, you should consider negotiating an Installment Agreement with the IRS. If you qualify for this program, the IRS allows you to pay your debt in small installments that allow you to chip away at your tax liabilities without leaving you so broke you can’t live your life. You can think of it like
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An Installment Agreement is a payment arrangement whereby the government allows a taxpayer to pay liabilities over time. Once a payment plan is established, the IRS will not take enforced collection action, including the levy of bank accounts or wages, as long as the taxpayer remains current with all filing and payment obligations. However, interest and penalties would continue to accrue until the outstanding balance is satisfied. Additionally, a tax
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Although the IRS is pledging to be kinder and gentler to taxpayers in these challenging times, it is still important to meet your installment payment requirements. However, the IRS has announced that they will “try” to be more flexible with taxpayers who miss an installment payment.
One way recession-burdened Americans can settle back taxes is by negotiating an Installment Agreement with the government that that allows payment of liabilities over time.
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Check out my small business tax tips on AccountingSolver.com: Don’t Let Payroll Taxes Sink Your Small Business.
There are plenty of ways to bring down the wrath of the IRS, but failing to file and pay payroll taxes is one of the swiftest and most efficient ways to close your doors. Trouble with payroll taxes can be the downfall of otherwise successful small businesses. I’ve been picking the brain of tax
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It is a known fact that 1 in 6 (or about 16%) of the taxpaying public have tax problems.  Given the current state of the economy, I expect that rate to increase significantly.  It’s not surprising that high profile people have tax problems too. As a matter of fact, it is not uncommon for high income earners to have issues with the IRS.
Unfortunately, the Obama Administration may be sending the
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I was so fired up after blogging about the BBB’s skewed ratings system and David Lazarus’ Los Angeles Times article titled Better Business Bureau grades companies on a peculiar curve, that I decided to write Mr. Lazarus to let him know about our experiences with the BBB.
I’ve already mentioned the fatal flaw in the BBB ratings equation that does NOT take into account a business’s size relative to the number
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I came across an interesting article in the Los Angeles Times about how the Better Business Bureau grades companies on a peculiar curve. It calls attention to the fact that paying the BBB to be listed as an accredited business appears to have instant benefits in the agency’s ratings.
So an accredited business automatically receives a half-grade boost to its rating. A B-minus business, in other words, will become a B.
And
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I was recently asked to write an article for CPEthink.com, an organization dedicated to providing industry-leading online Continuing Professional Education (CPE) and Professional Development courses and exams for CPAs, licensed professionals, general practitioners, and individuals.
My article discussed how victims of investment fraud are turning to Uncle Sam for relief  – but they should be ready to face increased IRS scrutiny. I’ve blogged before about how Section 165 of the IRS
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NOTE: TELE-SEMINAR SCHEDULED FOR FEB. 18 HAS BEEN RESCHEDULED AND WILL NOW TAKE PLACE ON WED, MAY 13.

I’ve blogged about this before, but it’s important to mention it again: Small business owners are the largest source of uncollected taxes.
During this economic downturn, we are also seeing lots of people who are laid off or are no longer employed, going out on there own. They’re reinventing themselves, setting up home-based businesses,Â
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I was recently interviewed for This Week In Chaves County, which airs Sunday at 7:00 a.m. on KEND 106.5 FM (Roswell, NM). I talked about opportunities for recession burdened Americans to settle IRS debt.
Please tune in – or check out the video below for a preview of the interview. Resolve your back taxes and say goodbye to wage garnishment, bank levies, and IRS penalties!

If you are in trouble with the
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It’s always great to hear from satisfied clients after we’ve helped them resolve their tax problems. We recently helped a taxpayer in Southern California gain his financial livelihood back. He was sick and unable to pay his back taxes. We were able to negotiate a penalty abatement on his behalf.
Peace of mind. Shelly has been outstanding and very helpful. I have Stage 4 Pancreatic Cancer and Shelly has always had
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I was recently interviewed by Business Pundit blogger Lela Davidson. She asked me lots of great questions about small business taxes and how to avoid being an IRS target. I provided her with insight into important tax issues facing new businesses and how to avoid the big mistakes that many small business owners make.
There are many things small businesses can do to avoid getting audited. But if you still find
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